NONTECH TENANTS LIKE COOL OFFICES, TOO

Dennis Cruzan isn’t the only developer who sees cool in old buildings.

Locale Advisors, headed by Cruzan’s former business partner Phil Monroe, bought the 26,000-square-foot building in Governor Park at Interstate 805 at state Route 52 for $3.9 million from Cliffwood California. Kleinfelder Engineering recently vacated the University City building to relocate to downtown San Diego.

“Nowadays a lot of tenants outside traditional tech/creative tenants appreciate that aesthetic — higher ceilings, indoor/outdoor spaces,” Monroe said. “This building really sets up well for that. It’s a secluded site, a natural site, well parked and has ideal clearance and ceiling heights to convert.”